#24 6 Simple Tips for Getting Your Spouse Onboard With a Budget
02/17/20 • 16 min
6 Simple Tips to Get Your Spouse Onboard with a Budget
Resources mentioned:
Free Beginners Guide: https://www.budgetsmadeeasy.com/budgeting-beginners-guide/
Transcipt:
Trying to figure our how to manage your money on your own is hard enough but getting someone else on board with the plan can make it even harder.
Especially if they don’t want to do the work or aren’t as motivated as you.
If you are like me, you are super excited and ready to run all in but having your partner not quite as excited as you can damper your mood.
It’s even harder if they don’t see the need for it at all and don’t want to budget, save, or pay off debt.
Both partners need to really see how managing your money better will benefit them. If they think you are just trying to control them or they don’t see the point, its not going to work.
This is why it’s so important to work together and at times compromise so that you can reach your bigger goals as a team.
Today I will be discussing a couple of tips that can help you work together as well. It’s important to try different things to find what works for both of you.
I have found that typically one partner is all into the budget and wanting to save and the other may have to be dragged along.
One of the biggest issues in my free facebook group, budgeting for beginners, is “how do I get my spouse on board” or something to that effect. I get this question constantly.
Now keep in mind that your partner may not be as excited about this as you. You also need to be mindful of how you talk to them and know that it may take them longer to see the benefit.
Do not talk down to them or talk to them in such a way that they are going to get defensive. Try not to blame them for all your money problems.
This will only make it worse and can cause them to completely shut down and dig in their heels.
Think of it from their perspective, how would you like it if someone told you were doing something wrong or causing all the money problems. It would make you shut down and get defensive.
Ok before we dive into the tips, go grab your free budgeting beginners guide and worksheet at https://www.budgetsmadeeasy.com/budgeting-beginners-guide/ I will also link to it in the show notes.
Ok, now onto the tips to get your spouse on board.
(#1) The best tip I have heard about this issue actually came from Adam Kol on episode #3 of this podcast.
He suggests sitting down separately and writing out what you want out of life. What are you bigger goals?
Now you should both do this separately and then come together to see what is the same, what you can do together, and what may not be possible.
It’s important that you both compromise on somethings when doing this exercise. The point of this exercise is to agree on your bigger goals together.
What do you both want to work towards?
It’s important to figure out what you both want to work towards that will motivate both of you.
Once you figure out the why then you can more easily figure out the how and it will make it easter to stay motivated.
(#2) The next tip that I always suggest to people is once you figure out what you both want to work towards, make a visual that will inspire you to keep going and stay focused.
This could be a savings tracker on your fridge, or a debt payoff tracker, whatever it is, keep a visual of your progress somewhere you can see it at least once a day.
You could also do a type of dream or vision board with pictures of your “why” or things that will inspire you to stay focused. So it could be pictures of your kids along with pictures of the beach or Disney World, college, your dream home, whatever it may be.
It’s important to keep visuals around that will help you stay motivated. Because there will be times that you feel like you’re not making any progress and want to give up.
If your spouse is not fully on board the visual may help them see the progress you are actually making. Especially if they aren’t dealing with the numbers like you. It will potentially help bring them around to being more motivated to make your dream really happen.
I spoke with a lady this week that was having a hard time with spending too much on food for her small family and issues with her husband staying focused on their long-term goal of building a house. They made around $150,000 a year together and yet are living paycheck to paycheck with nothing saved for their house or anything else for that matter.
This is the main suggestion that I made to her to hopefully get her husband to see, visually, that they needed to save for their dream house.
(#3) Th...
6 Simple Tips to Get Your Spouse Onboard with a Budget
Resources mentioned:
Free Beginners Guide: https://www.budgetsmadeeasy.com/budgeting-beginners-guide/
Transcipt:
Trying to figure our how to manage your money on your own is hard enough but getting someone else on board with the plan can make it even harder.
Especially if they don’t want to do the work or aren’t as motivated as you.
If you are like me, you are super excited and ready to run all in but having your partner not quite as excited as you can damper your mood.
It’s even harder if they don’t see the need for it at all and don’t want to budget, save, or pay off debt.
Both partners need to really see how managing your money better will benefit them. If they think you are just trying to control them or they don’t see the point, its not going to work.
This is why it’s so important to work together and at times compromise so that you can reach your bigger goals as a team.
Today I will be discussing a couple of tips that can help you work together as well. It’s important to try different things to find what works for both of you.
I have found that typically one partner is all into the budget and wanting to save and the other may have to be dragged along.
One of the biggest issues in my free facebook group, budgeting for beginners, is “how do I get my spouse on board” or something to that effect. I get this question constantly.
Now keep in mind that your partner may not be as excited about this as you. You also need to be mindful of how you talk to them and know that it may take them longer to see the benefit.
Do not talk down to them or talk to them in such a way that they are going to get defensive. Try not to blame them for all your money problems.
This will only make it worse and can cause them to completely shut down and dig in their heels.
Think of it from their perspective, how would you like it if someone told you were doing something wrong or causing all the money problems. It would make you shut down and get defensive.
Ok before we dive into the tips, go grab your free budgeting beginners guide and worksheet at https://www.budgetsmadeeasy.com/budgeting-beginners-guide/ I will also link to it in the show notes.
Ok, now onto the tips to get your spouse on board.
(#1) The best tip I have heard about this issue actually came from Adam Kol on episode #3 of this podcast.
He suggests sitting down separately and writing out what you want out of life. What are you bigger goals?
Now you should both do this separately and then come together to see what is the same, what you can do together, and what may not be possible.
It’s important that you both compromise on somethings when doing this exercise. The point of this exercise is to agree on your bigger goals together.
What do you both want to work towards?
It’s important to figure out what you both want to work towards that will motivate both of you.
Once you figure out the why then you can more easily figure out the how and it will make it easter to stay motivated.
(#2) The next tip that I always suggest to people is once you figure out what you both want to work towards, make a visual that will inspire you to keep going and stay focused.
This could be a savings tracker on your fridge, or a debt payoff tracker, whatever it is, keep a visual of your progress somewhere you can see it at least once a day.
You could also do a type of dream or vision board with pictures of your “why” or things that will inspire you to stay focused. So it could be pictures of your kids along with pictures of the beach or Disney World, college, your dream home, whatever it may be.
It’s important to keep visuals around that will help you stay motivated. Because there will be times that you feel like you’re not making any progress and want to give up.
If your spouse is not fully on board the visual may help them see the progress you are actually making. Especially if they aren’t dealing with the numbers like you. It will potentially help bring them around to being more motivated to make your dream really happen.
I spoke with a lady this week that was having a hard time with spending too much on food for her small family and issues with her husband staying focused on their long-term goal of building a house. They made around $150,000 a year together and yet are living paycheck to paycheck with nothing saved for their house or anything else for that matter.
This is the main suggestion that I made to her to hopefully get her husband to see, visually, that they needed to save for their dream house.
(#3) Th...
Previous Episode
#23 How Andy Is Teaching His Kids About Money After Paying Off $50,000 in 12 Months!
Andy and his wife paid off $50,000 in debt THEN paid off their mortgage of $200,000 in 4 years! Andy shares his debt paying off tips as well tips on teaching your kids about money.
Andy Hill is the award-winning blogger and podcaster behind Marriage, Kids and Money which is dedicated to helping young families build wealth and thrive.
Andy's advice and personal finance experience have been featured in major media outlets like Business Insider, MarketWatch and NBC News. Trusted as a personal finance influencer by national financial brands like Quicken Loans, Andy’s message of family financial empowerment has resonated with listeners, readers and viewers across the US.
When he's not "talking money", Andy enjoys wrestling with his two kids and singing karaoke with his wife.
Find out more about Andy on his podcast, Marriage, Kids, & Money podcast as well as his website, https://www.marriagekidsandmoney.com/
Resources mentioned in this episode:
The Slight Edge by Jeff Olson (affiliate link)
The FREE Debt Snowball Starter Pack
Full Transcript:
Welcome to the money mindset podcast where you will find the inspiration and motivation you need to manage your money better so you can stress less and live the life you want. It's Ashley from budget's made easy. And the money mindset podcast, I'm so excited. Today we are talking to Andy Hill. He is an award winning blogger and podcaster behind marriage kids and money, which is dedicated to helping young families build wealth and thrive. And his advice and personal finance experience had been featured in major media outlets like business insider, MarketWatch and NBC news shares sued as a personal finance influencer by national financial brands like Quicken loans. Andy's message, a family financial empowerment has resonated with listeners, readers and viewers across the U S when he's not talking about money. And he enjoys wrestling with his two kids singing karaoke with his wife. So I am so excited to talk to Andy today about how they, he actually has a couple of topics today, so we're going to talk to him about paying off $50,000 in debt in just 12 months. And then they paid off their mortgage of $200,000 in just four years. And then I talked to them about getting your kid or teaching your kids about money and the different things he does with this kids, which he had some really great ideas that I'm going to actually implement with my children as well. So if you would like to get started on paying off your debt, just like Andy, you can go get my free debt, snowball starter pack, but a budgetsmadeeasy.com/debt-bundle and I will link to it in the show notes as well. So welcome Andy. Hi Andy. Thank you so much for being here today.
I'm so excited to be here. Ashley, thank you for having me and I am so excited to talk to you about your debt payoff story. You know, I share a lot of those on my podcast and on my blog. I just love how inspirational, motivation, motivational they are to me and other people as well. Um, but before we dive into your, um, debt payoff strike, can you just tell us a little bit about yourself and how you got started?
Yeah, sure. So I host a podcast called marriage kids and money. It is a weekly show that allows me to talk with folks like yourself and learn from them on how they paid off their debt or how they became financially independent or how they paid off their mortgage, or I became a young millionaire and I take that information and I share it with the audience that listens to my show. And the reason I did that is that I wanted to learn and I wanted to help my young family thrive. And I thought that would be a really fun medium to do it. So I've been doing that for about three years and that is been keeping me busy in the personal finance world.
Yeah, that's awesome. I love your podcasts. So, uh, if you're, if you're listening to this, go listen to his as well. But so how did you decide to start paying off debt and how much debt did you have? Like, what was your aha moment for change? Yeah, sure. So in 2010, my wife and I got married and at that point we were very happy and young and in love and I went to concerts and going to the bar and going to restaurants, just having fun, you to live in for today, enjoying ourselves, being young, being fun, you know. And uh, right around the time that we learned that we were going to be parents, I had sort of this click in my brain that happened that said, wow, aye bringing a human into the world. I need to take care of her. I need to give her the [inaudible] best life possible. And the first thing that came to my mind maybe cause I'm a money nerd, is I need to get my financial situation straight.
I've always been like a ...
Next Episode
#25 How Bobbi Paid Off $50,000 in 2 Years
How Bobbi and her husband changed the way they think and handled their money and were able to pay off $50,000 in 2 years. She started using the debt snowball and realized it was easier than she thought it would be!
Resources mentioned in this episode:
[Free Debt Snowball Starter Pack](www.budgetsmadeeasy.com/debt-bundle/)
You Need A Budget Book by Jesse Mecham (aff link) https://amzn.to/3T4PeIe
End Financial Stress Now by Emily Guy Burkin
Budgeting 101 by Michele Cagan
Full Transcript:
Welcome to the money mindset podcast where you will find the inspiration and motivation you need to manage your money better so you can stress less and live the life you want. Today we are talking with Bobby Olsen from the sensible chat podcast and we're going to talk to her about her favorite budgeting tips and how she paid off $50,000 in about two years. So she gives us some really great advice on how to budget your money better so that you can pay off your debt fast and work on that money mindset so that you can do it without being miserable. Uh, but before we jump into her interview, don't forget you can get your free debt snowballs starter pack. So debt, snowball worksheets, spreadsheet, checklists, everything you need to get a jumpstart on your debt snowball. It is free and you can grab it at budgetsmadeeasy.com/debt-bundle and I will link to it in the show notes as well. So welcome Bobby. Hey Bobby, thanks for being with us today.
Thanks so much for having me, Ashley.
Thanks for being here. And you know, we've been talking, chatting, so that my hug, I can't get my kids outside and have it be quiet for you guys. So I feel like I've already learned so much about you, but, um, you know, for our listeners that haven't heard you before, I know you have a podcast too, but can you tell us just a little bit about yourself and kind of, um, what you do to help people right now?
Sure. Well, my name is Bobby Olson and I'm the host of the sensible chat podcast and I'm also a budget coach. And so, um, I'm really focused on helping people with their money obviously, um, for the podcast that we definitely say that we're committed to helping people learn positive money mindsets, destroyed debt, reduce financial stress, and break the paycheck to paycheck cycle. So that's what we're focused on.
That's awesome. And tell us a little bit about like, how did you get started with, um, wanting to help people break the cycle of living paycheck to paycheck?
Well, you know, I've lived paycheck to paycheck all my life. And as most of us, you know, think at least at a certain time in our lives, I, I always just thought it was normal. Yeah. But I spent, you know, my younger years, I'm working in radio and actually my first job was for a, um, financial radio station and I, but I was just so bored with it, uh, that I didn't want to listen to any of the information. And so I went about my life and kinda got [inaudible] kept getting stuck back into financial radio for some reason. I don't know why. I guess it was my calling, I don't know. But, um, eventually I was, uh, producing a financial radio show, which I actually still am at this point. And, um, you know, we were just, we had had our own audio production company prior to me and my husband, and, uh, it had failed.
And so we were in a lot of debt. And so now I'm working this job, which should be my dream job because radio was what I was always passionate about. [inaudible] I just hated it. Um, and I really wanted out, I wanted something more, but we were so far in debt that I couldn't afford to take the pay cut. And I was just so frustrated and it seemed like we were never getting ahead. We were paying everything on time, but you know, and even paying a little bit on top of everything, but it just felt like we weren't getting anywhere. And so one day I actually ended up opening up one of the books that was sitting around my office cause we were all, you know, interviewing authors left and right for hinder views on this financial radio show. And so I opened up the book one day and she was talking about the debt snowball method.
She didn't call it that, but I found out later that's what it was. And she, she explained how it worked and I thought, no way could it be that easy, no way. And so I actually did it on paper for our situation trying to prove her wrong and I couldn't, I mean it worked on paper. I thought, Oh my, this is like a lifesaver. How could it be this easy? And I was so excited. I told my husband, we got to do this. And he's like, all right, cool. You know, whatever. You just like, my husband is like, yeah, whatever you want to do. Yeah, that's good. So I did it. We...
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